SUMMARY: Current law prohibits public-utility
rates derived from rate base that includes any property
not presently used for providing service; Public
Utility Commission may authorize rates that return to
utilities amounts representing undepreciated
investments in utility plants that have been retired
for specified reasons. Measure authorizes Commission
to allow public and telecommunications utilities to set
rates at levels giving utilities return on their
undepreciated investments in property retired from
service (including Trojan) for specified reasons.
Applies to property retired before, on, or after
effective date.

Ballot title certified. This decision shall become
effective in accordance with ORAP 11.30(10).

"(1) The amendments to ORS 250.035 by section 1 of
this 1999 Act do not apply to any ballot title prepared
for:

"(a) Any initiative petition that, if filed with
the Secretary of State with the required number of
signatures of qualified electors, will be submitted to
the people at the general election held on the first
Tuesday after the first Monday in November 2000[.]"

The present measure is one to which the 1999 act does not apply.
We therefore apply the pertinent provisions of ORS 250.035
(1997).